Coinbase wins a full national trust charter from the OCC

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Coinbase has received final approval to run a federally chartered trust company. Bitcoin Magazine reports that the OCC gave final approval to Coinbase National Trust Company on 6 November, after Coinbase applied in October 2025 and received preliminary approval on 2 April

The charter covers institutional custody as a fiduciary. It does not allow Coinbase to take retail deposits, lend or issue stablecoins, and it does not automatically give access to Federal Reserve payment systems

Conditions include holding at least $60 million in Tier 1 capital and keeping 180 days of operating costs in liquid assets for three years. Custody will move over from Coinbase's New York regulated trust company over three years

Coinbase said the charter brings federal uniformity to its custody capabilities, and vice chairman Ryan VanGrack said the company had spent years asking for clear rules and rigorous oversight. Ripple and Circle already have final approval, while the Independent Community Bankers of America criticised Coinbase's controls

A federal charter gives institutions a clearer framework for holding bitcoin with a regulated custodian. Strict capital and liquidity rules should add confidence for large clients. It also shows how much the custody side of the industry has matured

Do federal charters make institutional bitcoin custody safer? And does this change how you think about holding your own keys?

Coinbase Wins Full OCC National Trust Charterbitcoinmagazine.com